Brean Murray Carret Maintains Buy, $19 PT on Electronics for Imaging

Brean Murray Carret reiterates its Buy rating and $19 price target on Electronics for Imaging (NASDAQ: EFII) as the company pre-announces positively on Dec Q and maintains the secular story intact.

Brean Murray Carret says, "Last evening, EFI positively pre-announced the Dec Q with better-than-expected strength in industrial inkjet and Software, the two areas we're expecting the most strength from in 2012. Fiery print controllers growth was flat to slightly up y/y (as expected), with no surprises we believe from any leading OEMs (so a positive read-through for Buy-rated Xerox (XRX $8.11, Buy))."

EFII closed at $14.25 per share on Tuesday.